A factor of the recently announced 20 per cent discount on stamp duty for first home buyers that could easily be overlooked is that it may apply to homes purchased now, even though it does not come into effect until 1 July, 2011. REIV CEO Enzo Raimondo said this may not be appreciated by first [...]

THE Real Estate Institute of Victoria has dumped its plan to crack down on estate agents who use misleading price advertisements, claiming that at $7500 it was too expensive to implement. About 18 months have passed since the REIV board voted to ban ”price-plus” advertising, with the industry body promising a new code of conduct [...]